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Jan 7, 2019

250 More Hospitals Just Joined in on a Plan to Make Their Own Drugs And The Effort Could Upend The Generic Pharma Business

Posted by in categories: biotech/medical, business, health

  • A group of hospitals have built a nonprofit generic drugmaker called Civica Rx.
  • On Monday, another 12 health systems joined the organization.
  • The hope is to make generic drugs that are in shortage or have artificially high prices based on what hospitals need.

Hospitals have a creative plan to tackle the high price and frequent shortages of generic drugs.

The nonprofit company, dubbed Civica Rx, was first announced in early 2018, and has gained a lot of attention from other hospitals around the US who are interested in being a part of the venture.

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